FinCEN Created a New Position on Digital Currency

A bureau of the United States Department of the Treasury, the Financial Crimes Enforcement Network (FinCEN), added a new position as a Chief Digital Currency Advisor.

According to the organization’s website, the post was taken by Michele Korver, who previously worked as a digital currency consultant in the Criminal Division of the US Department of Justice.

In addition, Korver served on the Financial Stability Oversight Board and was in the American delegation to the Financial Action Task Force on Money Laundering (FATF).

Korver also drafted regulations on cryptocurrency confiscation procedures in litigation and coordinated money laundering investigations.

According to FinCEN’s press office, Michele Korver will work with the internal and external partners toward strategic and innovative solutions to prevent and mitigate illicit financial practices and exploitation of digital currencies. 

During a recent study conducted by the cryptocurrency platform Crypto Head, it turned out that at the moment the United States of America is best prepared for the introduction of cryptocurrencies among other countries. The study included an analysis of the number of cryptocurrency ATMs, Google search statistics, and industry regulations.

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